Suppose initially that ownership of resources, goods

Reference no: EM133440582

Questions: Suppose initially that ownership of resources, goods, and services occurred randomly. In your opinion, which of the following is a better approach to reallocating these resources?

Below are some possible points of view for you to agree or disagree with and explain why?

- Resources should be allocated to maximize the benefits of the least advantaged.

- Resources should be allocated in proportion to different individuals' ability to benefit from their use and consumption.

- Resources should be allocated equally.

- Resources should be allocated in proportion to each member's contribution (or value) to an economy.

Reference no: EM133440582

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